Summary
- U.S. manufacturing activity in July improved slightly more than expected.
- According to S&P Global, the U.S. manufacturing PMI for July came in at 53.9, slightly above both the market forecast and the previous reading of 53.8.
- Because a PMI reading above 50 signals expansion, U.S. manufacturing appears to have remained in an expansion phase.
Forecast Trend Report by Period
U.S. manufacturing activity in July improved slightly more than expected.
S&P Global said on August 3 that its U.S. manufacturing Purchasing Managers' Index for July came in at 53.9. The reading was slightly above both the market forecast and the previous month's 53.8.
A PMI reading above 50 signals expansion, while a reading below 50 indicates contraction. The data suggests U.S. manufacturing remained in expansion territory.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.